Original Medicare is made up of two parts: Medicare Part A and Medicare Part B.
Medicare Part B is also known as medical insurance and helps cover medical services and supplies that help treat health conditions or prevent disease.
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Some examples of the types of services covered under Medicare Part B include:
Medicare Part B requires you to pay a monthly premium for your Part B benefits. In 2022, the standard Part B premium is $170.10 per month.
Some beneficiaries may pay more than the standard Part B premium because they have a higher income. This extra amount is called the Income-Related Monthly Adjustment Amount (IRMAA).
The highest income earners will pay $504.90 per month for their Part B coverage in 2022, based on the Medicare IRMAA.
Medicare Part B also has some out-of-pocket costs that you must pay, including:
Medicare Part B is optional. Many beneficiaries are automatically enrolled. If you aren't automatically enrolled, you may need to sign up during one of the Medicare enrollment periods.
Medicare Supplement Insurance, also called Medigap, helps cover some of the out-of-pocket expenses associated with Part A and Part B.
Some Medigap plans can cover the cost of the Part B deductible, Part B coinsurance and excess charges.
Medicare Part B does not cover hospital or skilled nursing facility costs. Your Medicare Part A benefits cover these types of services.
Neither Medicare Part A or Medicare Part B cover:
Not all Medicare Advantage plans offer these benefits. Plan availability can vary based on where you live.
Medicare Advantage is an alternative to Original Medicare that is sold by private insurance companies. Every Medicare Advantage plan provides at least the same benefits as Medicare Part A and Medicare Part B combined in one plan.
If you are interested in finding a plan that may offer more coverage than Medicare Part B and Part A, you can call to speak with a licensed insurance agent to find Medicare Advantage plans that may be available in your area.
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Christian Worstell is a senior Medicare and health insurance writer with MedicareAdvantage.com. He is also a licensed health insurance agent. Christian is well-known in the insurance industry for the thousands of educational articles he’s written, helping Americans better understand their health insurance and Medicare coverage.
Christian’s work as a Medicare expert has appeared in several top-tier and trade news outlets including Forbes, MarketWatch, WebMD and Yahoo! Finance.
Christian has written hundreds of articles for MedicareAvantage.com that teach Medicare beneficiaries the best practices for navigating Medicare. His articles are read by thousands of older Americans each month. By better understanding their health care coverage, readers may hopefully learn how to limit their out-of-pocket Medicare spending and access quality medical care.
Christian’s passion for his role stems from his desire to make a difference in the senior community. He strongly believes that the more beneficiaries know about their Medicare coverage, the better their overall health and wellness is as a result.
A current resident of Raleigh, Christian is a graduate of Shippensburg University with a bachelor’s degree in journalism.
If you’re a member of the media looking to connect with Christian, please don’t hesitate to email our public relations team at Mike@tzhealthmedia.com.
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